Tata Technologies IPO: Should You Subscribe?
The IPO of Tata Motors’ ER&D subsidiary — Tata Technologies (Tata Tech) — hits the bourses on November 22. The offer size of ₹3,042 crore consists entirely of an offer for sale by promoter (Tata Motors) and a few other investors. Post issue, Tata Motors will continue to own a little over 55 per cent […]
Analysts see little headroom for SAIL stock
Shares of Steel Authority of India Ltd (SAIL) have been moving in a narrow range this year and remain lacklustre with a flat return of 0.4 per cent year-to-date. On the other hand, Tata Steel and Jindal Steel & Power gave a return of 4.8 per cent and 8.84 per cent. However, on Friday, the […]
Religare Can’t be Personal Fiefdom of a Few, says Mohit Burman
Amidst the ongoing takeover tussle for Religare Enterprises Limited (REL), a key member of the Burman Family, Mohit Burman, said that he has confidence in obtaining all requisite regulatory approvals for the open offer even while noting that the ₹235 price offered was a ‘fair’ one and is at a premium to SEBI formula arrived […]
IREDA fixes IPO price band as ₹30-32
State-run Indian Renewable Energy Development Agency (IREDA) said on Thursday that it has fixed a price band of ₹30-32 per share for its initial public offer (IPO), which will open on Tuesday next week. IREDA, a mini-ratna under the Ministry of New and Renewable Energy (MNRE), is a systemically important non-deposit-taking non-banking finance firm (NBFCND-SI) […]
Sensex, Nifty set for flat opening despite US strength; Analysts caution on valuation concerns
Domestic markets are expected to open on a flat note on Thursday, indicates Gift Nifty trading. Despite a strong close in the US markets overnight, Asian stocks are mostly down. Gift Nifty at 17650 signals a positive bias at the opening. Analysts expect the market to remain in consolidation mode, given the valuation. They expect […]
Newgen recognised as ‘Strong Performer’ in Digital Process Automation
Newgen Software Technologies Ltd earned the title of ‘Strong Performer’ in The Forrester Wave: Digital Process Automation Software (DPA), Q4 2023. The independent research, led by Craig Le Clair, assessed Newgen against 15 other providers based on their current offerings, strategies, and market presence. Virender Jeet, CEO of Newgen Software, said, “The company’s content deeply […]
Tata Tech IPO to open on November 22
The Initial Public Offering (IPO) of Tata Technologies Ltd will open for subscription for the public investors on November 22 and close on November 24, 2023. This will be the first Tata Group IPO in nearly two decades. The IPO is an offer for sale of upto 60,850,278 equity shares for cash comprising of offer […]
First Tata Group IPO in two decades: Tata Technologies sets November 22 for public offering
Tata Technologies’ initial public offering will open for subscription on Nov. 22, its parent Tata Motors said late Monday, in what will be the first Tata Group IPO in nearly two decades. Tata Technologies, which provides engineering and product development digital services, said its IPO would comprise an offer for sale of 60.9 million shares, […]
IndusInd Bank, Suzlon, Persistent, Paytm, 5 others to enter MSCI Standard index: Nuvama
Nuvama Alternative and Quantitative Reserach expects IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab Industries, Macrotech Developers, Tata Motors DVR, PayTV (One 97 Communications) and Tata Communications to be included in the MSCI Global Standard Index, that will be announced by the global index major on November 15. According to Nuvama Alternate, this will […]
Sensex rises by 354 pts, Nifty closes above 19,500 in Muhurat session
Benchmark stock indices Sensex and Nifty closed higher by more than half a per cent in the special Muhurat trading session on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 354.77 points or 0.55 per cent to close at 65,259.45 with 28 of its components settling in the green on […]